SPIL: On A Robust Growth Trajectory

Sirca Paints India Limited is working on new strategies to become a household name, recognised for its ultra-luxury quality products in the future

Sirca Paints India Limited, one of India's leading manufacturers of wood coating products, caters to the aspiring Indian consumers of today. With an experience spanning two decades, the company fulfils the emerging aesthetic wood finishes' needs of lakhs and adds extra mileage to India's growing furnishing market. Sirca Paints India (SPIL) has mapped its growth trajectory to the growth of the Indian market, which at present is exploding with demand for aesthetically superior products that add value to the lives of the average Indian consumer.

After two very disrupting years of the pandemic, the company has picked up its pace and is once again ready to set sail on its growth journey. This is evidenced by its FY22 performance figures, which reported a robust top-line growth of around 40 per cent year-on-year. In fact, more recently in Q1FY23 - a quarter which generally tends to be a softer one for SPIL and the industry as well - it has reported record top-line, operating profits and PAT. Such performances bode really well for the company as it affirms its beliefs in its strategies which have been meticulously planned to put SPIL on a solid fast track to growth.